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The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: Long-term debt Preferred stock Common stock ($1 par
The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. one year ago: Long-term debt Preferred stock Common stock ($1 par value) Capital surplus Accumulated retained earnings $ 66,200,000 4,120,000 16,200,000 46,200,000 136,200,000 During the past year, the company issued 11.2 million shares of new stock at a total price of $60.4 million, and issued $36.2 million in new long-term debt. The company generated $11.4 million in net income and paid $3.2 million in dividends. Prepare the current balance sheet reflecting the changes that occurred at the company during the year. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, e.g., 1,234,567.) Information Control Corp. Current Balance Sheet Long-term debt V $ $ Total long-term debt Shareholders equity Preferred stock Common stock Capital surplus Accumulated retained earnings Total equity Total Liabilities & Equity
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